Hiyaavehi Financing Scheme
2 articles
Latest
NewsMVR 750 million included in budget for housing equity scheme
The Maldivian government has allocated MVR 750 million in the 2025 budget for a new housing equity scheme. The program provides up to MVR 200,000 to help citizens cover down payments for home construction or flat purchases. This initiative aims to assist landowners who lack the financial capacity to build their own homes.
NewsHousing grants to help meet bank equity requirements
President Muizzu announced a new government grant of MVR 200,000 per person to help citizens cover bank equity requirements for housing loans. These non-repayable funds aim to make home construction more accessible by allowing family members to pool grants. The scheme follows criticism that previous housing initiatives were too restrictive.